Fairer Finance’s mission is to create a financial services market which is fair for consumers as well as the companies that serve them.
To achieve that goal, we regularly engage with regulators, government, and industry bodies helping to influence and shape new pieces of legislation and regulation.
Policymakers use our data to inform the design and implementation of evidence-based policymaking.
We are asked to advise on the most contentious and high-profile issues. We have an excellent knowledge of the legal and regulatory requirements in the financial services sector and provide a challenge to conventional views which prevent progress. We conduct independent economic impact studies to inform evidence-based policy.
We are also asked to provide the customer perspective. We respond to as many key consultations as we can, and regularly share our views at industry events, as well as through the media.
All our analysis is data-led, drawing on new data-collection and analysis, as well as 10 years of our unique consumer experience polling and product ratings, and new analysis.
Our multi-disciplinary team consists of experts in behavioural economics, market research, policy, economics, regulatory compliance, and linguistics.
Some of the work we are currently engaged in includes:
Whilst campaigning for a fairer financial industry we regularly respond to consultations from the Government and other authorities.
Future of the funeral plan market
We are engaged with the Treasury, FCA, CMA and funeral plan industry to create better protection and clarity for consumers in this market.
Insurance policy
We've been feeding into the FCA’s work on the implementation of the Insurance Distribution Directive and the publication of its insurance value measures.
Nationwide Consumer Brexit Panel
Working alongside a panel of experts to consider the impact of Brexit on consumers.
Open Banking Project
Working to ensure consumers' interests are represented in this important project, which will allow customers' personal banking data to be used by third party software providers – facilitating more effective comparison and efficient money management.
Competition & Markets Authority
Engaging with the CMA on its work around the comparison site market.
Transparency Taskforce
We are strategic supporters of the Transparency Taskforce, and James Daley is one of the organisation's ambassadors.
James Daley, our managing director, giving evidence to a Select Committee.
Access to Cash Review
We are a member of the independent Access to Cash panel, considering how we continue to protect access to cash for those who rely on it, as cash usage declines. The panel is chaired by former head of the Financial Ombudsman Service, Natalie Ceeney. Fairer Finance's managing director gave evidence to the Scottish Affairs Select Committee, feeding in the findings of the Access to Cash Review into the Committee's Access to Financial Services Inquiry in March 2019 (see image, right).
We're regularly asked to speak at industry events. We have been asked to speak by organisations including: the All Party Parliamentary Group on Insurance, the Association of British Insurers, the Association of Foreign Exchange and Payment Companies, the Building Societies Association, Collaboration Network, the Equity Release Council, the Financial Conduct Authority, the Financial Services Forum, Insurance Post, Protection Review, the Social Market Foundation, The Telegraph, The Times, Westminster Business Forum.
If you'd be interested in a Fairer Finance representative speaking at your event, please email corporate@fairerfinance.com.
When considering whether to speak at an event, we will consider the steps that organisers have taken to ensure the diversity and inclusivity of their speakers, panel, and the event as a whole.